In a recent year, three individuals accounted for 70 percent of all shareholder proposals at 250 companies.

Question:

In a recent year, three individuals accounted for 70 percent of all shareholder proposals at 250 companies. Fewer than 10 percent of those proposals passed. These individuals typically8 own only a few hundred shares of each company. If, as firms estimate, the cost of including each proposal is $87,000, then the total expense, just from these three people, is over $6 million. In some cases, the shareholders submit the same proposals year after year. Should the rule on shareholder proposal be amended? If so, how?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law and the Legal Environment

ISBN: 978-1337736954

8th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Sanchez Abril

Question Posted: